Benefits of NSIC Raw Material Assistance for MSMEs

 


Raw Material forms the major chunk of working capital requirement of any industry therefore NSIC has launched the Raw Material Assistance (RMA) Scheme to cater to the needs of Micro, Small and Medium Enterprises. NSIC’s RMA against Bank Guarantee (BG) requires simple documentation and assistance to the extent of Rs.2 crores can be provided very quickly. This Assistance is now also provided to retail traders with turnover of over Rs.1 crore and wholesale traders with turnover of over Rs.1.50 crore.


The salient features are :

  • Simple documentation & quick process for speedy disposal of proposal upto Rs.2 crores.

  • Maximum Amount of Assistance per MSME is Rs.5 Crore and for a Group is Rs.15 Crores.

  • Financial Assistance for procurement of all types of Raw Materials & Inputs upto 180 days.

  • Immediate payment to the Raw Material Suppliers without delay.

  • Interest rate varies from 9% to 10.75% per annum based on category i.e Micro, Small or Medium Enterprise & MSE Rating 1 or 2.

  • Bulk purchase of basic raw materials at competitive rates viz., Paraffin Wax from CPCL Aluminium from NALCO, Iron and Steel from AMNS / SAIL / RINL / Other Private Producers. Facilitation is also done for purchase of any Raw Material from any registered supplier.

  • BGs of Public Sector Banks and Approved Private / Foreign / Sponsored banks and Financial institution are accepted as security


You are invited to avail the benefits of the above scheme. For further details, please feel free to contact us or click the following links.


https://www.nsic.co.in/Schemes/RawMaterialAgainstBG


https://www.nsic.co.in/Schemes/AWRTAgainstBG



With best regards,


P S Prem Anand

(Sr. Branch Manager)


Our mailing address is:


NSIC Coimbatore
1055/10, 1st Floor, Gowtham Centre
Avinashi Road
Coimbatore - 641018 
Tel : +91-422-2247764,2247757,2244618
Cell : 9894644157, 9487147764

Email : bocomb@nsic.co.in, nsicsoft@gmail.com


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